The Long Investor

$NKE TOP 20 & TOP 10

Added 2025-03-16 20:35:28 +0000 UTC

$NKE finished the week on the 0.78 Fib, we were watching to see if the 0.618 Fib would hold but it could not with the market weakness and needed a lower Fib to test.

Impulse Wave is still in place but bulls really need to start stepping in and the blue line at $70 is important, losing this level and a lower low is a strong possibility then.

I have not been accumulating yet because I have not seen support and I will have no issue once I see a higher low come in so until then, I will be waiting to accumulate.

They release their earnings after the close on Thursday, this could be the catalyst for $NKE, again people will be waiting to hear the guidance and words from the new CEO.